Calling the Situation Grim, the Supreme Court Takes Suo Motu Cognizance of Delays in NCLT Approvals  ||  Supreme Court: Admission of a Claim by a Resolution Professional is Not Debt Acknowledgment  ||  Supreme Court: Public Figures Must Exercise Caution as Their Words Have Consequences in Society  ||  SC: State Must Act as a Model Employer, Criticising the Union For Not Regularising ISRO Workers  ||  J&K&L High Court: Minor Minerals Have Major Environmental Impacts and Must be Regulated  ||  Del HC: Unexplained Money Received by Public Servant is Not Bribery Without Proof of Official Favour  ||  Del HC: There is No Absolute Bar on Granting Co-Convicts Parole/Furlough Together in Suitable Cases  ||  Bom HC: LARR Authority Can Examine Limitation Issues in Land Acquisition References under 2013 Act  ||  MP HC: Long-Serving Employees Cannot Be Denied Regularisation by Retrospective Statutory Amendments  ||  J&K&L HC: Routine Challenges to Lok Adalat Awards Defeat Their Purpose of Quick Dispute Resolution    

Delhi HC: RBI's Intention is to Maintain Status Quo on Account Classification as on March 1 - (15 Apr 2020)

BANKING

Delhi High Court has provided interim relief to an account from being declared a Non Performing Asset by the Punjab & Sind Bank in light of the moratorium allowed by the Reserve Bank of India (RBI) by its circular issued on 27th March, 2020. The Court has observed that the intention of the RBI while issuing the regulatory package was to maintain status quo with regard to the classification of accounts of the borrower as they existed on 1st March, 2020.

Tags : DELHI HIGH COURT   RESERVE BANK OF INDIA   STATUS QUO ON ACCOUNT CLASSIFICATION  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved